Anil Singhvi strategy September 5: Important levels to track in Nifty, Nifty Bank today

Anil Singhvi Market Strategy: Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index coming in at 19,435-19,465 levels and a strong buy zone at 19,340-19,385 levels on Tuesday, September 5. For the Nifty Bank, he expects support at 44,300-44,425 levels and a strong buy zone at 44,000-44,200 levels.

Here's how Anil Singhvi sums up the market setup:

• Global: Neutral

• FII: Negative

• DII: Positive

• F&O: Neutral

• Sentiment: Positive

• Trend: Neutral

Singhvi sees a higher zone in the Nifty at 19,550-19,625 levels and a strong sell zone at 19,650-19,725 levels. For the banking index, he sees a higher zone at 44,675-44,775 levels and a strong sell zone at 44,850-45,000 levels.

ANIL SINGHVI MARKET STRATEGY

Singhvi sees the next big targets for the Nifty and the Nifty Bank coming in at 19,650-19,775 and 44,800-45,000 levels, respectively. 

• FII index long positions at 52 per cent vs 51 per cent the previous day

• Nifty put-call ratio (PCR) on the higher side, at 1.37 vs 1.30

• Nifty Bank PCR at 1.16 vs 1.13

• India VIX down 3.5 per cent at 10.96

For existing long positions:

• Nifty intraday and closing stop loss at 19,400

• Nifty Bank intraday stop loss at 44,300 and closing stop loss at 44,000

For existing short positions:

• Nifty intraday and closing stop loss at 19,650

• Nifty Bank intraday and closing stop loss at 44,700

For new positions in Nifty:

• The best range to buy Nifty is 19,400-19,465 with a stop loss at 19,300 for targets of 19,500, 19,525, 19,550, 19,600, 19,625 and 19,650

• The best range to sell Nifty is 19,565-19,650 with a stop loss at 19,750 for targets of 19,525, 19,500, 19,465, 19,435, 19,400 and 19,365

For new positions in Nifty Bank:

• For aggressive traders, the best range to buy Nifty Bank is 44,300-44,425 with a stop loss at 44,175 for targets of 44,500, 44,575, 44,650, 44,725, 44,775, 44,850 and 44,950

• The best range to sell Nifty Bank is 44,775-44,950 with a stop loss at 45,000 for targets of 44,725, 44,675, 44,625, 44,575, 44,500, 44,425 and 44,325

Stocks in F&O ban:

• New in ban: Balrampur Chini, BHEL, Hindustan Copper, India Cements

• Already in ban: Indiabulls Housing Finance

• Out of ban: None

Stocks of the day:

Buy Raymond shares with a stop loss at Rs 1,950 for targets of Rs 2,020, Rs 2,040 and Rs 2,075

• Buy reports from Jefferries and Motilal Oswal Financial Services with targets of Rs 2,600

Buy Grasim futures with a stop loss at Rs 1,840 for targets of Rs 1,879, Rs 1,894 and Rs 1,910

• Caustic soda prices on an upswing
• VSF prices improving as well
• The paints business set to launch around Diwali in some parts of the country

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